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Nov 27, 2012
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military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace for the palestinians. >> in britain, at least two people have been killed in flooding that followed days of heavy rains. some 800 homes throughout the country are under water. prime minister david cameron pledged government help for the victims. the floods of the worst since 2007 when much of the nation was inundated, causing damages estimated in the millions of pounds. >> the president of belarus says he is proud to be the last dictator in europe. the comments came during a rare interview with the voyagers news agency -- the reuters news agency. westerners have pressured him to grant more freedom. >> all to
military budget will take place automatically -- if the country falls over the fiscal cliff. >> coming up, a new mozart interpretation that uses the latest in animation technology. >> but first, a roundup of stories making news now. the former israeli opposition leader has announced she will return to politics to lead a new party called the movement. the former foreign minister says the party will run in january elections. she described it as an alternative that will push for peace...
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is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and bald churchy i don't do it anymore of those boys much they do not read his words will. they go and the as these the is reportedly investigating going to be providing twelve billion dollars in derivatives trading losses in two thousand and eight yeah yeah there's a list of alleged bad bank behavior how is good capitalism though being driven out by bad capitalism all will break it down and word of the day plus alan greenspan says a painless solution to the u.s. debt is a fantasy finally something we can agree on more in loose change let's get to today's capital account. our guest kevin phillips made a name for himself in the late one nine hundred sixty s. as a g.o.p. operative who coined the phrase and wrote the book the emerging republica
is economic problems does this tax debate or even as fiscal cliff debate begin to scratch the surface of the crisis. former republican strategist author and historian kevin phillips is here with lessons we can learn from seventeen seventy five the subject of his latest book that many a politician may benefit from actually reading. from a long time and bald churchy i don't do it anymore of those boys much they do not read his words will. they go and the as these the is reportedly investigating...
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Nov 26, 2012
11/12
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KPIX
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president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean n
president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax...
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Dec 11, 2012
12/12
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having diff
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the...
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Jul 11, 2012
07/12
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WJZ
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she blames city leaders for not seeing this fiscal cliff coming. >> why weren't you awake? why were you asleep at the wheel? i'm not surprised we here in this dire straits. am i angry? absolutely. >> reporter: despite the tough times facing this city, the mayor here is still relatively upbeat. he must have mentioned at least three times to me today scott that amazon is about to open a new warehouse here. he expects that to create about 1,000 new jobs. >> pelley: ben, thank you. jobs were the focus of mitt romney's address today to african american leaders at the n.a.a.c.p. convention and here's why. while unemployment nationally is running 8.2%-- you know that already-- the rate for african americans is nearly double, 14.4%. and for yuc young blacks ages 14 it's more than triple, 30.2% unemployment. romney said he is the man to turn that around but jan crawford tells us that was a very tough sell. what happened, jan? >> reporter: scott, romney took his economic message to the president's most solid most loyal group of supporters and he didn't pull any punches, but the crowd
she blames city leaders for not seeing this fiscal cliff coming. >> why weren't you awake? why were you asleep at the wheel? i'm not surprised we here in this dire straits. am i angry? absolutely. >> reporter: despite the tough times facing this city, the mayor here is still relatively upbeat. he must have mentioned at least three times to me today scott that amazon is about to open a new warehouse here. he expects that to create about 1,000 new jobs. >> pelley: ben, thank...
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well america's jumping off the fiscal cliff coming up at the end of the year so we're going to have three hundred million people jumping off the fiscal cliff break their leg and then have their legs amputated. well here you know in the u.k. they have a dead cat bounce you know you know growth like that in the u.k. here that they reported not very intriguing is it because you strip out the one time for the olympics on the comparison with the queen's jubilee they renamed the. uncle ben's tower to. victoria tower something they renamed all the all the major money meant but this is all very anemic it's not really growing much at all the tories are engaging in a bit of winning waving suggesting that hey we're a great we've engineered some kind of g.d.p. out of the double dip recession but in.
well america's jumping off the fiscal cliff coming up at the end of the year so we're going to have three hundred million people jumping off the fiscal cliff break their leg and then have their legs amputated. well here you know in the u.k. they have a dead cat bounce you know you know growth like that in the u.k. here that they reported not very intriguing is it because you strip out the one time for the olympics on the comparison with the queen's jubilee they renamed the. uncle ben's tower...
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Nov 25, 2012
11/12
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you know, this is like, oh, the fiscal cliff is coming, and, oh, my gosh, unemployment is going to skyrocket and the recession is going to come back. i'm wondering does it not -- does the heat not feel as intense here, because you're -- >> the fact is that there is no decisionmaker. if there was a decision maker who is being complacent in the face of this, you should be very critical. the american constitution and the american people have put people into a shared power situation who have had very different views. now, one thing is different. maybe i'm being -- it does seem to me that in 2010 some people came to the congress who said compromise is a bad thing. i hope it's the result of the last election there's going to be less of that, and every one of us has to be prepared to vote for something we don't like. >> since we're talking about the constitution, i want to go back briefly to george washington who in his farewell address warned the future generations of americans against the danger of political factions to which members of our government would be more loyal than they were to the cou
you know, this is like, oh, the fiscal cliff is coming, and, oh, my gosh, unemployment is going to skyrocket and the recession is going to come back. i'm wondering does it not -- does the heat not feel as intense here, because you're -- >> the fact is that there is no decisionmaker. if there was a decision maker who is being complacent in the face of this, you should be very critical. the american constitution and the american people have put people into a shared power situation who have...
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Nov 19, 2012
11/12
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when it comes to a fiscal cliff. i was in congress. we need structural changes. they have a super majority vote before they raise taxes. without structural changes we are not getting anywhere. this is kicking the can down the road. we don't need to abandon principles. >> chris: governor walker look at the optics of it. they will lower taxes republican mantra for 98% of mens and the republicans are saying not so fast. bill kristol was on the show and he said it wouldn't kill republicans to raise taxes on millionaires a little bit. is he wrong? >> if you look at the conflict between washington and the state house, that's where those of white house are new governors inherited budgets as state and balanced them without raising taxes. the state like wisconsin, we cut taxes in the past two years and revenues have gone up. most americans look at what is happening in washington and think they are missing the boat. the economy is a much bigger issue. don't get me wrong. they need to balance the budget. take care of fiscal issues. more importantly we need to get the econom
when it comes to a fiscal cliff. i was in congress. we need structural changes. they have a super majority vote before they raise taxes. without structural changes we are not getting anywhere. this is kicking the can down the road. we don't need to abandon principles. >> chris: governor walker look at the optics of it. they will lower taxes republican mantra for 98% of mens and the republicans are saying not so fast. bill kristol was on the show and he said it wouldn't kill republicans to...
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well america's jumping off the fiscal cliff coming up at the end of the year so we're going to have three hundred million people gee.
well america's jumping off the fiscal cliff coming up at the end of the year so we're going to have three hundred million people gee.
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Dec 30, 2012
12/12
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keep those pictures coming. >>> fiscal cliff, debt, and egos. how much of what is going on in washington is about what's right versus who's right? one doctor has some suggestions for the decision-makers. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. ...and now... you! [ giggles ] ♪ the one and only, cheerios your doctor will sa
keep those pictures coming. >>> fiscal cliff, debt, and egos. how much of what is going on in washington is about what's right versus who's right? one doctor has some suggestions for the decision-makers. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you...
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but because of all the debt that is building up and cause of thee not the fiscal cliff coming up but the fiscal armageddon which we may face by 2016, if sovereign wealth and foreign wealth need as home and european bonds are no good and american bonds are no good. maybe housing is the tallest midget in the world. melissa: so are you seeing that anecdotally? are you seeing foreign buyers yourself? you're in this business. >> you see it some degree in centers like new york. melissa: right. >> i don't think you see it in the exushs and the suburbs. that may be part of mr. buffett's bet. melissa: this is theory we cooked upstairs in the story meeting putting all the pieces together. do you see anything wrong with it? do you see any other reasons why he would buy the pieces separately and put them together? >> no. i think the one great cloud on the horizon is the fiscal cliff includes repeal or lapsing of the mortgage debt forgiveness act which bush enacted which give as pass to homeowners who get debt forgiven on short sales. that will go away. the short sales are one in for for or one i
but because of all the debt that is building up and cause of thee not the fiscal cliff coming up but the fiscal armageddon which we may face by 2016, if sovereign wealth and foreign wealth need as home and european bonds are no good and american bonds are no good. maybe housing is the tallest midget in the world. melissa: so are you seeing that anecdotally? are you seeing foreign buyers yourself? you're in this business. >> you see it some degree in centers like new york. melissa: right....
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Jul 24, 2012
07/12
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KRCB
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. >> rose: if you look at europe it is beyond your control and the fiscal cliff comes later, is there anything this administration can do to get the unemployment rate below eight percent? >> under the constitution, where our country is designed, the big powerful ecomic policy tools we have as a nion are the control of the congress. now, there are lots of things congress could do now that we can certainly would be good for economic growth right now, they could help states put more teachers back in the classroom, first on the job help get more money to infrastructure, repairing a very broken infrastructure and pass incentives to help get businesses the incentive to hire, tax incentives and to invest in capital equipment and help homeowners refinance their margins, a, mortgages, a lot of things they could do in the near rm,our basic view is you need to do that, that is necessary but not sufficient. >> rose: you say leader of the republican party on the house and senate side say that you have had campaigning and he is not there with new initiatives to fix the economy. >> well, i think all
. >> rose: if you look at europe it is beyond your control and the fiscal cliff comes later, is there anything this administration can do to get the unemployment rate below eight percent? >> under the constitution, where our country is designed, the big powerful ecomic policy tools we have as a nion are the control of the congress. now, there are lots of things congress could do now that we can certainly would be good for economic growth right now, they could help states put more...
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Nov 19, 2012
11/12
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KGO
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higher start here optimism somehow president obama and congress will avoid the so-called fiscal cliff and come together on a deal optimistic comments from leaders over the past few days on that a couple minutes report on existing hope sales for october economists forecast sales for the month near a two year high. ahead of that, here's how we look, dow up by 130 points, s&p and nasdaq up better than 1% across the board today, bloomberg index up, almost 2% higher. as you mentioned, big change as head for intel, chief executive retiring in may after almost four decades an the company. intel shares higher slightly on this news up 4/10 of a percent. trading -- cisco going after a company that helps businesses manage wifi networks remotely, offering to pay 1.2 billion for the company that nearly tripled headcount to 300, cisco shares up more than 1%. long list of retailers trying create a pr event, company offering 50% off 1,000 stuffed pizzas, the day before of pizza hut's biggest day of the year. nobody is having leftovers? live at the new york stock exchange i'm jane king. >> trying to p
higher start here optimism somehow president obama and congress will avoid the so-called fiscal cliff and come together on a deal optimistic comments from leaders over the past few days on that a couple minutes report on existing hope sales for october economists forecast sales for the month near a two year high. ahead of that, here's how we look, dow up by 130 points, s&p and nasdaq up better than 1% across the board today, bloomberg index up, almost 2% higher. as you mentioned, big change...
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Nov 21, 2012
11/12
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things really stand when it comes to the fiscal cliff. >> that's the million-dollar question. where do things really stand? >> billion dollars. >> becky, we probably won't know until around christmastime. >>> millions of people will hit the roads, runways and malls over the next 48 hours. what can they expect during the thanksgiving holiday weekend? we have flooded the zone with our team, nbc's jeff rossen on travel and cnbc's courtney reagan on holiday shopping. but millions of americans will hit the road for this thanksgiving. more than 40 million to be precise. and nbc's jeff rossen is literally on the road covering the holiday travel for us. hi, jeff. how are you? >> reporter: hey, luke, and happy thanksgiving. right now we're driving on i-95 north heading out of new york city into the suburbs, connecticut and such. and as you can see we're already hitting some traffic. in fact, this is the busiest travel day. 43.6 million americans traveling today and most of us are traveling by car. 90% of travel today is by car. if you want to impress your friends, average distance 588
things really stand when it comes to the fiscal cliff. >> that's the million-dollar question. where do things really stand? >> billion dollars. >> becky, we probably won't know until around christmastime. >>> millions of people will hit the roads, runways and malls over the next 48 hours. what can they expect during the thanksgiving holiday weekend? we have flooded the zone with our team, nbc's jeff rossen on travel and cnbc's courtney reagan on holiday shopping. but...
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Dec 5, 2012
12/12
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WETA
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cliff. in britain today, the finance minister george osborn was forced to defend his policy of austerity in the light of economic growth. >> when georgia osborn when to address the house of commons from the british economy -- on the british economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are making progress, and the message today is that we are making progress. it is a hard road, but we are getting there. >> he pointed to the economic problems globally that are making his job harder. as a result, the chancellor announced austerity would have to last for logger, until 2018, in fact. that means more benefits will now be squeezed, and there will be a tax rates on the pension pops. >> i know these tax measures willthought to balance not be r. ways to reduce the deficit never are. but we must act together. whe
cliff. in britain today, the finance minister george osborn was forced to defend his policy of austerity in the light of economic growth. >> when georgia osborn when to address the house of commons from the british economy -- on the british economy, he had to read mcvet is taking much longer than in must got to balance -- he had to admit it is taking much habrÉ than it osborn when o address was first thought to balance the nation's books. >> the people want to know that we are...
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Oct 6, 2012
10/12
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CNBC
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i will have to analyze case by case who is alibiing and who is telling the truth about the fiscal cliff. >>> coming up, precious plan? the fed has the printing press working overtime, but could the dollar's dilution help book you a ticket to a pot of gold? an exclusive with the ceo of sandstorm gold is next. >>> later, smart speculation, as science and technology converge, ground-breaking developments in medicine continue to emerge. cramer's zeroing in on one biotech spec that could be on the verge of a major move. all coming up on "mad money." >>> don't miss a second of "mad money." got @jimcramer on twitter. have a question? tweet cramer at #madtweets. send an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you through the tightest doors and hallways. m
i will have to analyze case by case who is alibiing and who is telling the truth about the fiscal cliff. >>> coming up, precious plan? the fed has the printing press working overtime, but could the dollar's dilution help book you a ticket to a pot of gold? an exclusive with the ceo of sandstorm gold is next. >>> later, smart speculation, as science and technology converge, ground-breaking developments in medicine continue to emerge. cramer's zeroing in on one biotech spec that...
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Dec 27, 2012
12/12
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coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> coming up, we'll see how correct or in correct our predictions were for this year. we'll check in on commodities. we've also got a mystery panel today. it is a retail stock that has not had a down q1 for the past nine years. that is your hint. what on earth is happening in washington, folks? when we run through what exactly no deal
coming up? >> announcer: if congress fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child...
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cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wigs on them amount to this. material nonpublic information which is defined as the information that the average investor doesn't have the capability of an insider trading case pretty damn. there is a debate we'll talk about it and loose change let's get to today's capital account . while a fiscal cliff debate seems to consume the domestic airwaves it also reverberated around the global echo chamber providing a baseline for headlines like this that we found a day in the english edition of the chinese government news source no deal in sight on the u.s. fiscal cliff to the international edition of the german paper der spiegel budget disarray u.s. set to restage greek tragedy now it may not represent the same type of threat but it is reminiscent of the debt ceiling debate in the summer of two thousand and eleven after which the u.s. of course lost its aaa c
cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wigs on them amount to this. material nonpublic information which is defined as the information that the average investor doesn't have the capability of an insider trading case pretty damn. there is a debate we'll talk about it and loose change let's get to...
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Nov 26, 2012
11/12
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and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how much money consumers
and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone....
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we have europe, it might explode we have taxman get an and the fiscal cliff coming at the end of the year. a lot of negatives that will take you down below one, which means that we really are in recessionary territory right now so what they're going to do, the less step in this is that they're going to not buy treasurys so much as they will buy mortgages or mortgage-backed securities. by doing that they're hoping that they can drive mortgage rates down, get people to refinance, but more party and -- more money in their pockets. i wouldn't do it. lori: how big the think this latest round of foxbusiness.com will be? >> the other factor. lori: to we know? >> you know, i think that we know that what bernanke wants to do is announce that it's going to be open-ended. they're going to do it for as long as it takes, as much as it takes. my guess is hills said it will do something like 30 to 50 billion a month and keep doing it and so we a satisfied. i think that is what most of the fed watchers are expecting the we will see. lori: why not just push out the forward guidance? envy already did
we have europe, it might explode we have taxman get an and the fiscal cliff coming at the end of the year. a lot of negatives that will take you down below one, which means that we really are in recessionary territory right now so what they're going to do, the less step in this is that they're going to not buy treasurys so much as they will buy mortgages or mortgage-backed securities. by doing that they're hoping that they can drive mortgage rates down, get people to refinance, but more party...
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Nov 21, 2012
11/12
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CNBC
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fiscal cliff. the reason for that's clear. you know, 2011 neither side really wanted a deal. the republicans already had their big ask, which was the extension of the bush tax cuts. president obama wasn't interested in a deal because he didn't have much leverage. that meant any deal would favor the republicans and alienate his core constituencies. you fast forward to now, look, all negotiations go through ups and downs, but the bottom line is that both sides need a deal. if the republicans push us off the fiscal cliff, they will be blamed for the subsequent recession and they'll pay the price in 2014. president obama also needs a deal because history doesn't remember who the speaker of the house was during a period of weak economic growth. the president gets the credit or the blame. he's going to be written about for 300 years and he does not want to preside over eight years of the weakest growth in u.s. history. so, he needs a deal so that the next four years are better than the last four years. >
fiscal cliff. the reason for that's clear. you know, 2011 neither side really wanted a deal. the republicans already had their big ask, which was the extension of the bush tax cuts. president obama wasn't interested in a deal because he didn't have much leverage. that meant any deal would favor the republicans and alienate his core constituencies. you fast forward to now, look, all negotiations go through ups and downs, but the bottom line is that both sides need a deal. if the republicans push...
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Aug 8, 2012
08/12
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. >> what he says, is he wig to go to fiscal cliff come january 1st. have everybody's marginal tax rates rides. the point of this is he knows that the real money ♪ with bill o'reilly. he knows that the real money is with the middle class. is he doing everything possible to go after the middle class in terms of the 28 obama care taxes that are going to january 1st. >> bill: i don't believe that for a second. i think -- i just don't believe that for eakd is. what the president's to do is set up a two tier structure. the wealthy in business support everybody else. that's what he wants. >> but he knows the real money is with the middle class and that's coming in second term. >> he may know that. >> mark my word. >> he doesn't care we owe 16 trillion. the president of the united states does not care. >> how you can give tax breaks about caring about the deficit. >> it's not my job to do that. >> romney's job to come up with a plan. he doesn't have one. >> he does have one. >> if he doesn't have one in august you can go run around. the president of the uni
. >> what he says, is he wig to go to fiscal cliff come january 1st. have everybody's marginal tax rates rides. the point of this is he knows that the real money ♪ with bill o'reilly. he knows that the real money is with the middle class. is he doing everything possible to go after the middle class in terms of the 28 obama care taxes that are going to january 1st. >> bill: i don't believe that for a second. i think -- i just don't believe that for eakd is. what the president's to...
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Sep 25, 2012
09/12
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CNBC
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with the fiscal cliff coming -- >> the fed is punishing savers. >> absolutely. i think with the credit card people saving more, it doesn't surprise me a bit they're going down that path. i think there's a mixture of what they're both saying. i think we need to have a little adult supervision in the room when it comes to credit card spending. at the same time, if we put everything under the mattress, that will absolutely destroy this economy. >> because it's two-thirds of the economy. there are these unintended consequences of the fed stimulus. >> well, i'm not suggesting that people releverage to the point where they were five or six years ago, but just as an example, the german treasury came out with its study of consumer confidence this morning. what did they find snout jout? germans are spending money. why? because they can't get any yield. what are they putting their money into? mostly real estate. real estate is relatively cheap there. mortgage rates are down. a generation or two, that's what people would have done. they're in the early stage of their lives
with the fiscal cliff coming -- >> the fed is punishing savers. >> absolutely. i think with the credit card people saving more, it doesn't surprise me a bit they're going down that path. i think there's a mixture of what they're both saying. i think we need to have a little adult supervision in the room when it comes to credit card spending. at the same time, if we put everything under the mattress, that will absolutely destroy this economy. >> because it's two-thirds of the...
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Jul 25, 2012
07/12
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FOXNEWSW
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the fiscal cliff comes sooner than what we think. >>neil: what lieberman is saying, and what i think will happen, we have a lame duck session and we citizen the rates for another year. i think that will happen. and some could welcome divided government. it may not happen but say the president is re-elected, and the senate could flip, but we will still have gridlock government. guys like you like gridlock. but this is a case where you reminded me gridlock is not good. >>guest: these are not normal times. gridlock would be great for the markets because it was the old rule of thumb that if washington is busy fighting they cannot go out and screw things up. however, think of some of the things on deck. you have obviously from the deal of last august, the defense department is looking at $1.2 from in long-term cuts. this is a sector that employs 305 million americans. if they don't get any type of reprieve from that and it needs to be done by the end of the year cow have hundreds of thousands people out of the work. the farm bill is anoth
the fiscal cliff comes sooner than what we think. >>neil: what lieberman is saying, and what i think will happen, we have a lame duck session and we citizen the rates for another year. i think that will happen. and some could welcome divided government. it may not happen but say the president is re-elected, and the senate could flip, but we will still have gridlock government. guys like you like gridlock. but this is a case where you reminded me gridlock is not good. >>guest: these...
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Apr 4, 2012
04/12
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CSPAN
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the possibility of elevated energy prices and a fiscal cliff coming. those are not the baseline outcomes, but those sales to potential outcomes are reasons investors should not have convictions, and if investors do not have convictions, you did not get the wealth creation the polls and economy of relative to trend. >> i think you are all too complacent about europe. seems to me that the european has changed its spots totally from focusing on inflation to focusing on shoring up the banking system and keeping the economy afloat. that is likely to continue for three years or so, but three years from now, is there not a very strong possibility of a break up? none of these countries are going to be able to make the fiscal changes necessary. growth is going to be slow or negative. you will not be able to implement the austerity with the work rules that exist there. consequently, three years from now, the ecb will run out of money, and europe's structural problems will still in door. am i too pessimistic? that even the next three years, i think, are pretty pe
the possibility of elevated energy prices and a fiscal cliff coming. those are not the baseline outcomes, but those sales to potential outcomes are reasons investors should not have convictions, and if investors do not have convictions, you did not get the wealth creation the polls and economy of relative to trend. >> i think you are all too complacent about europe. seems to me that the european has changed its spots totally from focusing on inflation to focusing on shoring up the banking...
WHUT (Howard University Television)
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294
Nov 16, 2012
11/12
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WHUT
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there's to be an election in japan. >> sparked by the fiscal cliff question, the budget deficit. it's the biggest deficit in the developed world, twice that of gdp, which puts everybody else into the shade. the reason why this election as kamal is there was an argument over this issue on how it would be financed. the prime minister noda said to the opposition at let's get this thing through and we will have an election straightaway. that's what will happen. a number small parties, one of which is sunrise, which is run by the mayor of tokyo, coming up from the wings, and they don't want to give them too much power to build too much support. the possibility is really at the moment, this is what people are looking at, they will end up with a weekend slightly fractured. fractured. -- slightly fractured government, weakened. the stock markets are not that, surprisingly. a representative of fujitsu talked about how the politics will work out. >> it looks likely the ldp will win the election but it will not be enough to form a government. it will have to look for coalition partners. the
there's to be an election in japan. >> sparked by the fiscal cliff question, the budget deficit. it's the biggest deficit in the developed world, twice that of gdp, which puts everybody else into the shade. the reason why this election as kamal is there was an argument over this issue on how it would be financed. the prime minister noda said to the opposition at let's get this thing through and we will have an election straightaway. that's what will happen. a number small parties, one of...
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Dec 7, 2012
12/12
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MSNBCW
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when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman debbie wasserman schultz and she chairs the democratic national committee. good friday afternoon to you. >> thank you. >> john boehner said today that democrats' plan is to, quote, slow walk our economy to the edge of the fiscal cliff. how do you respond it to that? >> well, that's just utterly preposterous. the republicans right now in the house of representatives ha
when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this...
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Nov 30, 2012
11/12
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FBC
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we will have the latest on that coming up. if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the ho
we will have the latest on that coming up. if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho,...
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516
Oct 21, 2012
10/12
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KPIX
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if congress does nothing, the fiscal cliff will come at midnight to december 31, when the bush-era tax cuts expire, triggering a hike for 90% of taxpayers. the financial impact of an average middle-income household would be about $2,000, or $166 of automatic withholding per month. the trigger would also slash the defense budget by 50%, and domestic spending by 50% as well. shutting down 1,200 government programs. going over the fiscal cliff, says the congressional budget office, could push the jobless rate over 9%, dragging the country back into recession. mark zandi, chief economist with moody's is here to discuss. mark, thank you for being with us. the idea behind these spending cuts and tax hikes was to force congress to make a decision on this. if they do not, what happens next for our economy? >> well, tax rates rise for everybody, and of course of course, that would cause people to pull back. we'd have big government spending cuts from everything to the defense budget to amtrak to the park service. businesses would grow very nervous, obviously, because they're going to get hit by
if congress does nothing, the fiscal cliff will come at midnight to december 31, when the bush-era tax cuts expire, triggering a hike for 90% of taxpayers. the financial impact of an average middle-income household would be about $2,000, or $166 of automatic withholding per month. the trigger would also slash the defense budget by 50%, and domestic spending by 50% as well. shutting down 1,200 government programs. going over the fiscal cliff, says the congressional budget office, could push the...
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144
Nov 27, 2012
11/12
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CNNW
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that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford anything and that's what i'm concerned about. >> so, let me talk about the solution here because we talked back in may about this. we're finally here at the deadline, right. you talked at the time about wanting a simpler tax system and were open to some people paying more and you said some in the republican tea party would be okay with that. here's you on this program back in may. >> i'd make it a point never to speak for my colleagues or counterparts in the house, but i'm not aware of anyone who would say that if one american might end up paying a little bit more, that would necessarily count them out. >> so, i want to understand what you mean. are you open to a compromise in which if you closed loopholes,
that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments and we have to start raising the interest rate. eventually, we get to the point where we can't afford anything and that's what i'm concerned about. >> so, let me talk about the solution here because we talked...